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  • #21,781
  • Sep 14, 2023 9:28am Sep 14, 2023 9:28am
Quoting CableJ
{quote} FXIFY is on the move.... they entered the top 6 in prop webtraffic in Aug... too bad their leverage on Indices are terrible

Where do you check that traffic ?
  • #21,782
  • Sep 14, 2023 9:30am Sep 14, 2023 9:30am
The United States is 30-35% of the prop market.... Based on MFF stats most traders trade Gold & Indices, if due to US regulations the north american props can only offer US customers OTC FX & crypto but no commodities or indices, could they survive? Would it make more sense for them to switch over to futures and disrupt that side of the business by introducing their more favorable evaluation rules.
  • #21,783
  • Sep 14, 2023 9:36am Sep 14, 2023 9:36am
Quoting Stoneyrocks
{quote} Where do you check that traffic ?
SimilarWeb & Semrush
  • #21,784
  • Sep 14, 2023 9:42am Sep 14, 2023 9:42am
Quoting CableJ
{quote} SimilarWeb & Semrush
Semrush worldwide data.

They definitely have a huge marketing campaign going, but if that is top 6, the market has shrunk to hell.

Edit: they should employ me, I can fix all their seo, serp and crappy backlinks. Its almost as bad as TFT's.
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  • #21,785
  • Sep 14, 2023 10:15am Sep 14, 2023 10:15am
Quoting Takisd
{quote} Semrush worldwide data. They definitely have a huge marketing campaign going, but if that is top 6, the market has shrunk to hell. Edit: they should employ me, I can fix all their seo, serp and crappy backlinks. Its almost as bad as TFT's. {image}
Yeah on instagram a i see ads of them 60$ for 15k account
  • #21,786
  • Sep 14, 2023 10:28am Sep 14, 2023 10:28am
today I tried the FMTO 10.000 Demo Account
The spread is good, almost same as i'm used too by my Broker. but for Forex they charge Kommission
I never had this before and for me it seems to be very expensiv.
So in Future I switch to nasdaq
nice spread fast Exekution and no kommisin
  • #21,787
  • Sep 14, 2023 10:30am Sep 14, 2023 10:30am
Quoting CableJ
The United States is 30-35% of the prop market.... Based on MFF stats most traders trade Gold & Indices, if due to US regulations the north american props can only offer US customers OTC FX & crypto but no commodities or indices, could they survive? Would it make more sense for them to switch over to futures and disrupt that side of the business by introducing their more favorable evaluation rules.
The reason they became big in the first place "MFF" is exactly because they avoided futures and good reputation, the same goes for the rest of the prop firms as I noticed their edge not having futures but allowing indices. Touching futures while still allowing indices just makes no sense but reason to get shutdown in some way or another in one years time since apparently the time it took for regulators to go to action against MFF. If someone starts doing futures without licenses and they are still around in 1-2 years then that firm is not normal.
  • #21,788
  • Sep 14, 2023 10:33am Sep 14, 2023 10:33am
Quoting Capablanca
{quote} Much better than Finotive because Finotive demands in ALL orders. Here they allow 2 "mistakes" and apparently reset this count weekly. It's much more fair. In Finotive you may be trading for 2 months to pass a challenge and, when done, they just say "Hey, you have to repeat the challenge because in those 326 trades that you did you forgot one SL/entered one SL in 68 seconds instead of 60). I hate those news rules on pending orders. One has a trade running for 3 days and has the "bad luck" of having the TP hit during an event and all profit...
I think I'm going to buy a $5K Funding Pips account today, it's cheap to try them out. The SL rule doesn't bother me, I always set a SL when creating a trade anyway. The news rule shouldn't matter either because it's only when opening a new trade during that 4 minute window and I avoid news for that hour anyway. Trades already opened for hours or days that happen to hit SL or TP during that 4 minute window are fine according to their FAQ. The5ers news rule is the same and easy to comply with; their $5K account is also cheap for testing the waters.
  • #21,789
  • Sep 14, 2023 10:38am Sep 14, 2023 10:38am
Quoting AaronPriest
{quote} Trades already opened for hours or days that happen to hit SL or TP during that 4 minute window are fine according to their FAQ.
I haven't seen this. That would change the complete whole picture, except for that people that trade news. It's more than fair, then.

I didn't investigate where they are based. Anyone knows ?
  • #21,790
  • Sep 14, 2023 10:55am Sep 14, 2023 10:55am
Quoting Takisd
{quote} Semrush worldwide data. They definitely have a huge marketing campaign going, but if that is top 6, the market has shrunk to hell. Edit: they should employ me, I can fix all their seo, serp and crappy backlinks. Its almost as bad as TFT's. {image}
There has always been a huge drop off in traffic after MFF + FTMO + TFT, 4th is a distant 4th.... I fully expect everyone has been killed in Sep
  • #21,791
  • Sep 14, 2023 10:59am Sep 14, 2023 10:59am
Quoting CableJ
{quote} There has always been a huge drop off in traffic after MFF + FTMO + TFT, 4th is a distant 4th.... I fully expect everyone has been killed in Sep
FTMO and TFT have like 800k+ budget marketing campaigns going to rebuff the traffic. everyone else looks shattered yes. But truthfully, no one was going to be close to MFF/FTMO size anyway. TFT only did it with fake shit like competitions and giveaways their traffic might have been high but their size was nothing compared to MFF.
  • #21,792
  • Sep 14, 2023 11:23am Sep 14, 2023 11:23am
Something I pondered about is that
What would even happen if the prop firms are really transparent and mentioned that they were copying traders trades or taking the other sides of traders. As long as we're trading CFD's I do not think that it really creates an effect in the forex markets anyways.
Profitable traders remain profitable and losing traders still make money for the company and there is full transparency.
  • #21,793
  • Sep 14, 2023 11:57am Sep 14, 2023 11:57am
Quoting Capablanca
{quote} I haven't seen this. That would change the complete whole picture, except for that people that trade news. It's more than fair, then. I didn't investigate where they are based. Anyone knows ?
Dubai
  • #21,794
  • Sep 14, 2023 12:17pm Sep 14, 2023 12:17pm
Quoting superboysfly
Something I pondered about is that What would even happen if the prop firms are really transparent and mentioned that they were copying traders trades or taking the other sides of traders. As long as we're trading CFD's I do not think that it really creates an effect in the forex markets anyways. Profitable traders remain profitable and losing traders still make money for the company and there is full transparency.
traders will call them scammers and thats why they didn't.

If you say to traders "you're all shit, you're going to lose so I am going to go against you" they will simply not use you. But if you say "we b book some but we a book some" people will always think they are good enough to be a-booked so there is a "Chance". Reality is, b book is the better way to handle retail traders.
  • #21,795
  • Sep 14, 2023 12:45pm Sep 14, 2023 12:45pm
Quoting Takisd
{quote} traders will call them scammers and thats why they didn't. If you say to traders "you're all shit, you're going to lose so I am going to go against you" they will simply not use you. But if you say "we b book some but we a book some" people will always think they are good enough to be a-booked so there is a "Chance". Reality is, b book is the better way to handle retail traders.
Are these two good ones to try?

Infinity Forex Funds (Algo Evaluation)
Quantec Trading Capital (One Step Challenge)

I am going to use HFT ea if possible
  • #21,796
  • Sep 14, 2023 12:57pm Sep 14, 2023 12:57pm
Quoting Boulder
{quote} Are these two good ones to try? Infinity Forex Funds (Algo Evaluation) Quantec Trading Capital (One Step Challenge) I am going to use HFT ea if possible
https://propcapitalus.com/

HFT allowed. Have not tested them.
  • #21,797
  • Sep 14, 2023 12:59pm Sep 14, 2023 12:59pm
Quoting TraderTero
{quote} https://propcapitalus.com/ HFT allowed. Have not tested them.
thanks Tero
  • #21,798
  • Sep 14, 2023 1:08pm Sep 14, 2023 1:08pm
Quoting Boulder
{quote} Are these two good ones to try? Infinity Forex Funds (Algo Evaluation) Quantec Trading Capital (One Step Challenge) I am going to use HFT ea if possible
I dont know them. I am not keeping track at the moment. But anyone using FOREX FUNDS since mff has been a scam other than TFF who started out with a copy of mff's site but changed it later.
  • #21,799
  • Sep 14, 2023 1:44pm Sep 14, 2023 1:44pm
Beware of prop firms which allows HFT they do not maintain this for longer time, and the fuss around is starting. Only complications and no payouts and lot of bannings thereafter. I have not seen any prop firm allowing HFT which had not huge problems a few months after. I guess you won't get your payout until you are very lucky.
  • #21,800
  • Sep 14, 2023 1:48pm Sep 14, 2023 1:48pm
Quoting Boulder
{quote} Are these two good ones to try? Infinity Forex Funds (Algo Evaluation) Quantec Trading Capital (One Step Challenge) I am going to use HFT ea if possible
HFT EA ? Really? that kind of passing service for yourself or from someone else is not give you good light. Usually those traders get banned and payout denied. Beware!
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